Opted for Composition Scheme but forgot to file Form GST CMP 3 (Stock Intimation ). What are the Consequences ?
You are required to file Stock Intimation in GST CMP 3 details within 90 days of the date from which Composition Levy is sought or within such period as extended by Commissioner as per Rule 3(4) of CGST Rules 2017
Rely by GSTN Network :-
However, in case it is found that you were not eligible for the Composition Levy or have not filed Stock Intimation, you would be compulsorily pushed out of the Composition Levy by initiating appropriate proceedings.
Related Topic on GST
Topic | Click Link |
GST Acts | Central GST Act and States GST Acts |
GST Rules | GST Rules |
GST Forms | GST Forms |
GST Rates | GST Rates |
GST Notifications | GST Act Notifications |
GST Circulars | GST Circulars |
GST Judgments | GST Judgments |
GST Press Release | GST Press Release |
GST Books | Best Books on GST in India |
GST Commentary | Topic wise Commentary on GST Act of India |
GST You Tube Channel | TaxHeal You Tube Channel |
GST Online Course | Join GST online Course |
GST History | GST History and Background Material |